A potential replacement for House Speaker Nancy Pelosi (D-CA) has found herself in legal trouble over her financial activities.
Assistant House Speaker Katherine Clark (D-MA) apparently failed to disclose her financial transactions, which are suspected of totaling over $250,000.
Fox Business reported that “Now Clark is facing complaints regarding allegations she violated the 2012 Stop Trading on Congressional Knowledge Act — better known as the STOCK Act.”
If these allegations prove true, Clark’s political aspirations would be dead in the water. That isn’t even considering the significant legal trouble she could find herself in.
Clark isn’t the only member of Congress to run afoul of the STOCK act in recent times. Representative Kathy Castor (D-FL) and Debbie Wasserman Schultz (D-FL) are also under investigation for alleged STOCK Act violations.
It’s worth wondering why so many Democrats are facing ethics investigations for abusing their position to make advantageous stock market moves.
There seems to be a concerning amount of corruption allegations for a political party that claims to fight corruption and self-enrichment.
House Speaker Pelosi is on her way out either by retiring in the near future or being replaced if Democrats lose power in the 2022 midterm elections.
Representative Clark was in a position to make a run at the top post in the House of Representatives. However, even if these allegations don’t result in legal consequences, it may be enough to cause Democrats to look elsewhere for Pelosi’s eventual replacement.